Orient Bell Limited · NSE:ORIENTBELL
Orient Bell — Q3 FY23 Earnings Presentation
22 slides from Orient Bell's earnings presentation, Jan 31, 2023
Slide 1: Regulation 30 filing cover letter to BSE and NSE
OBL:HO:SEC:00: New Delhi : 31.01.2023 BSE Limited National Stock Exchange of India Ltd. Corporate Relation Department Exchange Plaza, 1st Floor, New Trading Ring Plot No. C/1, G Block, Rotunga BuildingPhiroze Jeejeebhoy Towers Bandra-Kurla Complex, Dalal Street, Bandra (E) Mumbai - 400 001 Mumbai-40
Slide 2: Next Leg of Growth - Investor Presentation Q3FY23
Next Leg of Growth Investor Presentation Q3FY23
Slide 3: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements relating to Orient Bell Ltd. and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the Company, its subsidiaries and asso
Slide 4: Orient Bell Limited - a leading manufacturer of tiles
Orient Bell Limited- a leading manufacturer of tiles ▪ Sikandrabad, UP - 14.8 MSM ▪ Hoskote, KAR - 6.6 MSM* ▪ Dora, GUJ - 2.2 MSM# ▪ Morbi, GUJ - 10.0 MSM 5 45 3 State-of-the-art own Facilities 2 AE Facilities +33.6# Years in Ceramics Industry Million sqmt Annual Capacity (including AE) Strong Balan
Slide 5: Business Environment, Financial & Operational Highlights
Business Environment, Financial & Operational Highlights
Slide 6: Business Environment- Q3FY23
Business Environment- Q3FY23 ▪ Domestic Demand – Muted October & November, improvement though towards December end : ▪ Higher interest rates leading to possible deferment of home décor purchases. ▪ Revenge spending on travel + discretionary vs. Essentials. ▪ Channel yet to restart stocking – uncerta
Slide 7: Consolidated Financial Performance Snapshot
Consolidated Financial Performance Snapshot REVENUE EBITDA PBT Rs. 175.8 Crores Q3 Rs. 10.4 Crores Rs. 4.2 Crores Q3 Q3 3 year CAGR : 13.1% Margin : 5.9% Margin : 2.4% 9M Rs. 500.4 Crores 9M Rs. 38.5 Crores 9M Rs. 21.4 Crores 3 year CAGR : 11.1% Margin : 7.7% Margin : 4.3% PAT Cash Conversion - 27 D
Slide 8: Operational Highlights of 9MFY23
Operational Highlights of 9MFY23 ▪ Continued to invest on people – Net Addition 42. ▪ Rewards & Recognitions events organized to felicitate outstanding performances – Sales & Support functions. People ▪ Employee Stock Option Scheme coverage extended to more employees. ▪ New Asset Light Car Policy im
Slide 9: Highlights - Revenues
Highlights - Revenues Revenue(in crores) Volume(Lac m2) ASP (Rs. per m2) +44.7% -3.9% 182.9 +20.9% -6.7% 298 Q3FY23 175.8 66.3 286 61.8 121.5 51.1 284 124.5 276 284 122.0 46.7 43.0 251 267 76.5 33.2 +19% 238 45.0 58.4 53.8 17.9 19.6 18.8 230 Q3FY20 Q3FY22 Q3FY23 Q3FY20 Q3FY22 Q3FY23 Q3FY20 Q3FY22 Q3
Slide 10: Highlights - Profitability
Highlights - Profitability EBITDA(In Crores) EBITDA Margin PBT(Rs in Crores) PBT Margin 19.9 13.5 10.9% 7.4% +8% Q3FY23 -2.0% 9.6 10.4 7.9% 5.9% +419% 4.1 2.3% 0.8 0.7% +1.7% Q3FY20 Q3FY22 Q3FY23 Q3FY20 Q3FY22 Q3FY23 Q3FY20 Q3FY22 Q3FY23 Q3FY20 Q3FY22 Q3FY23 Pre Covid Pre Covid Pre Covid Pre Covid 3
Slide 11: Consolidated Abridged Income Statement
Consolidated Abridged Income Statement Quarter Ended 9 Months Ended (Rs. Crore) Margins impacted in Q3 – Q3 FY22 Q3 FY23 Y-o-Y 9M FY22 9M FY23 Y-o-Y Income from Operation 182.9 175.8 -3.9% 436.9 500.4 14.5% ▪ Gas Prices continued to Other operating Revenue 1.1 1.4 37.1% 1.5 4.3 197.7% trend higher a
Slide 12: Strong Debt Profile & Working Capital Cycle
Strong Debt Profile & Working Capital Cycle Working Capital Debt DSO DIO DPO Days Cash Rs 50.9 Rs Crores Net Debt Rs (-) 19.0 27 Cash Rs 41.0 13 18 Net Debt Cash Rs 4.7 Rs (-) 31.6 Net Debt 30 51 29 31.9 Rs (-) 1.0 46 43 45 -63 -54 -70 9.4 3.7 31-Mar-21 31-Mar-22 31-Dec-22 31-Mar-2021* 31-Mar-2022*
Slide 13: Company Initiatives
Company Initiatives
Slide 14: Investments in Growth Capex – Continues
Investments in Growth Capex – Continues Capex Value Restart of MF-2 (Ceramic Floor) – 1.1 MSM capacity – Completed in Q3FY21 Rs 5 crores Projects completed to cater to existing Modernization of MP 1 (Ceramic Wall ) – 0.7 MSM capacity, Completed in Q3FY22 Rs <10 crores geographies (North & East) Debo
Slide 15: Dora GVT launch
Dora GVT launch ▪ Van showcased new launches to 200+Channel partners across 150+ cities. ▪ Unique way for the entire store staff to experience them. 14
Slide 16: HSK: 2x2, 2x4 launch
HSK : 2x2, 2x4 launch ▪ New range of 600 x 600 MM and 600 x 1200 Scratch Free Forever Tiles https://www.youtube.com/watch?v=gt61_KFUudw 15
Slide 17: & we also continued celebrating our unique tiles & occasions
& we also continued celebrating our unique tiles & occasions 16
Slide 18: Historical Financials
Historical Financials
Slide 19: Historical Annual Performance Trends
Historical Annual Performance Trends Consolidated Figures Revenue (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 32 651 569 59 491 500 39 37 31 9 8 7 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Gross Margin* (%) EBITDA Margin (%) PAT Margin (%) 36.2% 35.9% 37.7% 34.2% 9.0% 5.0% 6.8% 7.4% 6.4% 1.
Slide 20: Consolidated Historical Income Statement
Consolidated Historical Income Statement (Rs Crore) FY19 FY20 FY21 FY22 Revenue from operation 571.1 492.3 502.5 654.3 Other Income 1.9 5.3 1.9 3.0 Cost of Goods Sold 256.7 236.3 238.9 270.4 Employee Benefit Expense 75.7 73.6 79.2 92.5 Other Expenses 201.8 156.4 149.2 235.7 Total Operating Expenses
Slide 21: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 Share Capital 14.2 14.3 14.4 14.4 Fixed Assets incl. CWIP 239.8 225.5 201.1 203.6 Reserves 218.3 225.3 234.9 270.3 Shareholders' Funds 232.6 239.6 249.3 284.8 Right-of-use assets - 7.9
Slide 22: Thank You
Thank You Orient Bell Limited Mr. Himanshu Jindal – CFO Mr. Ashish Kapur – AGM Treasury, Investor Relations & Corporate Finance +91-11-4711-9100 (B) investor@orientbell.com www.orientbell.com